Market Scenario:
In recent years, various technological advancements led to
the automation of the medical sector which enabled the controlled use of
medical systems and related technologies. This reduced the need for human work
in the production of goods and services. Increasing prevalence of the chronic
diseases like cancer, diabetes, and others along with the growing
pharmaceutical & biotechnology sector are the major drivers for the market
growth during the forecast period. In 2015, according to the World Health
Organization, cancer was the second leading cause of global deaths, killing as
many as 8.8 million people. Moreover, it was estimated that about 70% of the
reported deaths were accounted by the middle and low middle-income
countries. However, the high cost of automation, risks associated with the
robotic surgery along with the necessity of physician training are the major
restraining factor for the market growth during the forecast period. In 2017,
according to a case study published in the Journal of Public Health Research,
the unified automated laboratory in Brescia called Core-Lab’s equipment cost
increased approximately from USD 17.7 million to USD 24.2 million due to lab
automation. Moreover, it was estimated that the physicians need a rigorous
training for the surgical application of the medical robots. Approximately, USD
3,000 is the training cost per physician.
Segmentation:
The global medical automation market is segmented on the
basis of type and end users.On the basis of type, the market is segmented into
diagnostic & monitoring automation, therapeutic automation, lab &
pharmacy automation, medical logistics & training, and others. The
diagnostic & monitoring automation segment is sub-segmented into automated
imaging, point-of-care testing (POCT), automated image analysis, and
others. On the basis of end users, the market is segmented into hospitals
and diagnostic centers, pharmacies, research labs & institutes, research
labs & institutes, and others.
Intended Audience:
·
Pharmaceutical companies
·
Biotechnological institutes
·
Research and Development (R&D) Companies
·
Medical Research Laboratories
·
Market Research and Consulting Service Providers
Regional Analysis:
The Americas dominate the global medical automation market
owing to an increasing prevalence of diseases like cancer, diabetes, and
others. Moreover, growing biotechnology and biopharmaceutical sector within the
region is fuelling the market growth during the forecast
period. Europe is the second largest market for the global medical
automation. The presence of developed economies in the European region
facilitates the market growth. According to the Australian Institute of
Health and Welfare, the healthcare expenditure in Australia reached USD 62
billion in 2014-2015 from 103 billion during 2004-05. The least share of
the global medical automation market is held by the Middle East & Africa.
This can be attributed to the presence of the low per capita income and
stringent government policies, especially within the African region.
Key players
in global medical automation market
The key players in the global medical automation market are
Koninklijke Philips N.V., Siemens AG, GENERAL ELECTRIC, Medtronic, Stryker,
Danaher, Accuray Incorporated, and others.
Table of
Content:
1 REPORT PROLOGUE
2 MARKET INTRODUCTION
2.1 Introduction 16
2.2 Scope Of Study 16
2.3 Research Objective 16
2.4 Assumptions & Limitations 17
2.4.1 Assumptions 17
2.4.2 Limitations 17
3 RESEARCH METHODOLOGY
3.1 Research Process 18
3.2 Primary Research 19
3.3 Secondary Research 19
3.4 Market Size Estimation 19
3.5 Forecast Model 20
TOC
Continued…!
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